Share to Twitter Share to Linkedin What Happened In 2022 Even before a months-long winter engulfed the digital-assets market, 2022 was shaping up as the year that Washington began to get serious about regulating the cryptocurrency business. That resolve was bolstered throughout the year by a series of calamities that included a massive stablecoin failure of terraUSD and the associated luna, with contagion effects that impacted BlockFi, Celsius Network and Voyager Digital exchange that called into question the ability of crypto exchanges to be digital asset custodians that would protect investors’ assets. Essentially, the crypto industry managed to recreate the same risks of the traditional banking system, in which the institutions that were responsible for holding customer’s assets were simultaneously lending funds, leading to leverage, liquidity and capital conflicts. Before the year could end, the third-largest exchange, FTX – previously seen as a … [Read more...] about 2022 Year In Review: Crypto Policy Experiences Massive Turbulence In Congress Amid TerraUSD And FTX Failures
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Bundesliga: DFL Hopes To Generate $2.7 Billion While Leaving 50+1 Untouched
Share to Twitter Share to Linkedin The governing body of the Bundesliga, and 2. Bundesliga Deutsche Fußball Liga (DFL) has created a framework, which could open the doors for foreign investors. Kicker , Bild , and Transfermarkt reported on Saturday that the DFL is looking for an investor to buy a 12-15% stake in a yet-to-be-created licensing company. That new licensing company will then have the ability to sell national and international television rights to a foreign investor over a set time of 25 to 30 years. According to the reports, the DFL hopes to generate around €2.5 billion to €3 billion ($2.7 billion to $3.25 billion) by selling a minority stake in the DFL’s television rights. Bild reported that seven investors from the United States and Asia are interested in a potential investment. Any investment will be limited to television rights and will not include stakes in the Bundesliga or 2. Bundesliga. Furthermore, any investor will … [Read more...] about Bundesliga: DFL Hopes To Generate $2.7 Billion While Leaving 50+1 Untouched
Economic Survey 2023: Total assets under FPIs grow despite huge outflows
Moneycontrol looks into major sectors that are poised to generate employment as per the Economic Survey 2023. Total assets under custody of Foreign Portfolio Investors (FPIs) increased by 3.4 percent owing to the strong macroeconomic fundamentals of the Indian economy and improvement in market risk appetite from time to time, according to the Economic Survey 2022-23 released by the Finance Ministry on January 31. Despite the uncertain macro environment considering the inflation and geopolitical concerns, the total assets under custody of FPIs increased to Rs 54.0 lakh crore at the end of November 2022 as compared to Rs 52.2 lakh crore at the end of November 2021. Ironically, this increase comes at a time when Indian equities are witnessing huge FPI outflows. Also Read | Economic Survey 2023 shines light on growing demat accounts tally, flags declining additions During FY23, if we look at the overall net investments by FPIs, the market saw an FPI outflow of Rs … [Read more...] about Economic Survey 2023: Total assets under FPIs grow despite huge outflows